Reverse Mortgage Rates and Origination Fees for Thursday, November 30, 2017
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up again this week on a slightly lower fee quote. The lowest reported origination fee was down by $250 on a slightly higher rate quote.
Wednesday, November 30 Report on Pricing of Adjustable-Rate2 HECM Reverse Mortgage3
Pricing by 7 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,0004
Lowest Interest Rate Nov 30 3.436% $4,250 $76,140 + $62,155
Change from November 22 +0.030 -$250 +$118
Lowest Origination Fee Nov 30 3.936% $2,200 $72,860 + $58,577
Change from November 22 +0.030 -$250 +$367
1 The following lenders report their interest rates and origination fees to All Reverse, Signet Mortgage, First Bank, Retire Secure, The Federal Savings Bank, Goldwater Bank, Bank of England, Longbridge Financial
2 Adjustable-rate pricing published every Wednesday; Fixed-rate pricing published every Tuesday
3 Mortgages with a maximum rate adjustment of 5%
4 Part of credit line is available immediately, and part after 12 months

View historical market rates on HECM reverse mortgages.